November 9, 2017 / 6:16 AM / 9 months ago

BRIEF-Petronet scouting for new LNG terminal in eastern India

Nov 9 (Reuters) - India’s Petronet LNG

* Executive says Kochi terminal operated at 16 percent capacity in September quarter

* Executive says Fertiliser And Chemicals Travancore Ltd may halt LNG purchase from Kochi terminal on cheaper ammonia price

* Executive says hopes to operate Kochi terminal at about 35 percent capacity by end-2018

* Executive says in current scenario long-term LNG prices cheaper than spot

* Executive says hopes to get Australian LNG under reworked deal from January

* Executive says under new deal Australian LNG will be cheaper by $1 per mmbtu compared to the previous one

* Executive says global LNG suppliers are willing to ease destination-clause restrictions under term deals

* Executive says sees minimal scope for importing spot LNG cargoes

* Executive says looking at buying stake in IOC’s Ennore LNG terminal

* Executive says scouting for location in eastern India to build a new LNG terminal

* Executive says seeking at least 25 percent stake in IOC’s Ennore LNG terminal Further company coverage: (Reporting by Nidhi Verma)

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